Outlook Therapeutics, Inc. (NASDAQ:OTLK) shares traded down 2.4% during trading on Wednesday . The stock traded as low as $1.22 and last traded at $1.24. 528 shares were traded during trading, a decline of 100% from the average session volume of 314,712 shares. The stock had previously closed at $1.27.

Several research analysts have recently commented on the stock. ValuEngine lowered shares of Outlook Therapeutics from a “buy” rating to a “hold” rating in a research note on Thursday, April 4th. Ascendiant Capital Markets assumed coverage on shares of Outlook Therapeutics in a research note on Monday, April 22nd. They set a “buy” rating and a $4.00 price target on the stock.

Outlook Therapeutics (NASDAQ:OTLK) last announced its quarterly earnings results on Thursday, February 14th. The company reported ($0.80) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($2.48) by $1.68. The business had revenue of $1.07 million for the quarter.

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About Outlook Therapeutics (NASDAQ:OTLK)

Outlook Therapeutics, Inc, a late clinical-stage biopharmaceutical company, focuses on developing and commercializing monoclonal antibody for various ophthalmic indications. Its lead product candidate is ONS-5010, a proprietary ophthalmic bevacizumab product candidate that is in first clinical trial for the treatment of wet age related macular degeneration and other retina diseases.

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